Bangladesh opposes proposal of ADB regional hub

Bangladesh opposes proposal of ADB regional hub

SAM Staff,

Bangladesh is opposed to any regional hub of the Asian Development Bank as most country and sub-regional offices are faring well, said Finance Minister AMA Muhith on Sunday.

“I’m not in favour of the regional hub because the country and the sub-regional offices of the ADB are doing well except in the Pacific,” he told reporters at the Pacifico Yokohama Conference Centre in Japan.

His comments came a day after India proposed the ADB set up a regional hub of the multilateral lender in New Delhi.

Muhith made the comments after his meeting with ADB President Takehiko Nakao on the sidelines of the 50th annual meeting of the Board of Governors of the bank. The four-day meeting ended on Sunday.

Nakao has assured Muhith that the dealings would be made directly from the headquarters, not from any kind of hub.

On Saturday, Indian Finance Minister Arun Jaitley urged Nakao to set up the hub in the Indian capital so that a majority of the proposals could be quickly processed there.

Jaitley also proposed establishment of such hubs for other regions of the Asia and the Pacific.

Earlier, Nakao made it clear that no decision has been taken yet for opening any hub for South Asia, Central Asia or East Asia.

Some outposts of the Manila-based lender already have bigger staff strengths compared to other resident missions in 28 countries, Nakao said in his concluding media briefing.

He said that some of ADB’s offices in Delhi, Islamabad, Jakarta and Hanoi have over 70 to 80 staff each.

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